This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post …, and independent airlines. It is found that the latter enjoy sunk cost advantages but get lower variable profits than the …-liberalization profits. The author distinguishes between European flag carriers, which are hightly regulated at the beginning of the eighties …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration …

determination of the number of producers and products over the business cycle. Economic expansions induce higher entry rates by … prospective entrants subject to irreversible investment costs. The sluggish response of the number of producers (due to sunk entry … decisions, producer entry, and the allocation of labor across sectors. The model performs at least as well as the benchmark real …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration …

determination of the number of producers and products over the business cycle. Economic expansions induce higher entry rates by … prospective entrants subject to irreversible investment costs. The sluggish response of the number of producers (due to sunk entry … decisions, producer entry, and the allocation of labor across sectors. The model performs at least as well as the benchmark real …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration …